Martin sign for the veteran minimum and will be paid $1.4 million for the 2013-14 season, the report states.

The veteran forward sat out most of last season as he waited for an NBA team to make a offer, and he finally landed with the Knicks late in the year. Martin would impress over that short period, averaging 7.2 points and 5.3 rebounds in 23.9 minutes in 18 games. Martin also posted 11 regular-season starts, due to the injury of Tyson Chandler.

Martin's numbers dipped slightly in the postseason, but he still did enough to be brought back for a the entirety of 2013-14.

The former All-Star will be in his 14th NBA season when he laces up for the Knicks next year. Martin has maintained averages of 12.8 points, 7.0 rebounds and 1.2 blocks for his career.